Wall St falls as SVB collapse fuels bank contagion fear
March 13 (Reuters) – U.S. stock indexes fell on Monday as the collapse of Silicon Valley bank fanned fears of a contagion with trading halted in several banks, while expectations rose for a pause in interest rate hikes by the Federal Reserve in March.
The sudden shutdown of SVB Financial (SIVB.O) on Friday after a failed capital raise triggered concerns about risks to other banks from the Federal Reserve’s sharpest rate hike cycle since the early 1980s.
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Article URL : https://www.reuters.com/markets/us/futures-rise-bets-likely-rate-hike-pause-after-svb-collapse-2023-03-13/